STARTUP ECOSYSTEM
Greece Startup density
Greece’s Emerging Startup Ecosystem: Athens on the Rise
Greece’s startup ecosystem is growing rapidly, with Athens recognized as an emerging hub in the 2024 Global Startup Ecosystem Report. A strategic location, skilled workforce, and supportive government initiatives drive investment and innovation, making Greece an increasingly attractive destination for entrepreneurs and investors.
Greece’s startup ecosystem has experienced notable growth in recent years, positioning itself as a burgeoning hub for innovation and entrepreneurship. In the 2024 Global Startup Ecosystem Report (GSER) by Startup Genome, Greece’s capital, Athens, is recognized as an emerging startup ecosystem. While specific rankings for Athens are not detailed in the report, the city’s inclusion underscores its growing prominence in the global startup landscape.
While specific valuation figures for Greece’s startup ecosystem are not readily available, the country’s strategic location, skilled workforce, and supportive government initiatives contribute to its growing appeal to investors and entrepreneurs alike. The upward trajectory of Greece’s startup scene is evident, with increasing investments and a rising number of successful exits. In summary, Greece’s startup ecosystem is on an upward trajectory, with Athens emerging as a notable player in the global startup arena. The country’s supportive environment and growing number of startups position it as an attractive destination for innovation and investment.
Greece Funding volume
In 2024, Greek-founded startups secured $1.3 billion in funding globally, with $400 million directed to ventures operating in Greece—a 32% increase from 2023. This growth underscores investor confidence and Greece's rising prominence in the global startup ecosystem. In 2024, Greek-founded startups worldwide secured a total of $1.3 billion in funding, marking a $200 million increase from the previous year. This upward trend indicates a robust and expanding venture capital ecosystem in Greece. Focusing on startups with operations in Greece, the total venture funding in 2024 reached $400 million, a 32% increase from 2023. This growth highlights the country's attractiveness to investors and the increasing confidence in its entrepreneurial sector.
Greece Investment in key sectors
Greece is advancing digital transformation with substantial investments, including $176 million for 5G networks and funding under the Next Generation EU Recovery Plan for digital and green transitions. Initiatives like the Elevate Greece platform support startups, while public administration modernization reflects the nation’s commitment to innovation and efficiency.
Greece Innovation index
Greece's R&D expenditure rose to 1.49% of GDP in 2022, up from 1.46% in 2021, reflecting the country's dedication to innovation and technological progress. This growth highlights Greece’s focus on fostering a competitive and forward-thinking economy. Greece has demonstrated a commitment to enhancing its innovation capacity through increased research and development (R&D) expenditure and a growing number of patents filed annually.
Greece Startup density
Greece's startup ecosystem is growing rapidly, with Athens recognized as an emerging hub in the 2024 Global Startup Ecosystem Report. A strategic location, skilled workforce, and supportive government initiatives drive investment and innovation, making Greece an increasingly attractive destination for entrepreneurs and investors.
Greece Export/Import Ratio
Greece's high-technology exports reached 15.15% of manufactured exports in 2023, showcasing the sector's growth. However, imports of electrical and electronic equipment, representing 6.48% of total imports in 2022, highlight the country's reliance on imported technology. Despite a trade deficit, high-tech products play an increasing role in Greece's manufacturing sector.
